Funding you earn now, next payment 01:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h −0.047%
Price spread now: Hibachi against Hyperliquid−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Hibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hibachi is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5321 | 0.0427 | pay 0.0053% / 1h | 48m 53s | $290.3M | $216.0M | 20x |
| Short | Hibachi XRP/USDT-P | 1.5315 | 0.0296 | get 0.0037% / 1h | 48m 53s | $17K | $82K | 7x |
Hyperliquid XRP
Hibachi XRP/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$27.45
- Price spread: −0.037% → 0.000%
- −$3.65
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$49.1
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Hibachi: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 5 min ago | 0.65 bp | 5.1 bp −$5 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XRP on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5307 | −0.091% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5313 | −0.054% | $1.1M | $113K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5303 | −0.116% | $256K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0010% / S +0.0086% | 1h | 1.5304 | −0.111% | $839K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.560% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0061% | 8h | 1.5310 | −0.072% | $75K | $910K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0077% | 1h | 1.5313 | −0.052% | $9.3M | $25.5M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5310 | −0.072% | $2.8M | $13.7M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5310 | −0.072% | $511K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5310 | −0.072% | $11K | $276K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5309 | −0.081% | $477K | $54K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5313 | −0.055% | $1.0M | $5.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5310 | −0.072% | $38.7M | $83.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5311 | −0.064% | $619K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5304 | −0.110% | $538.2M | $2.07B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5305 | −0.104% | $340.2M | $929.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5306 | −0.098% | $124.7M | $879.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5320 | −0.007% | $572K | $48K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5312 | −0.059% | $116K | $709K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5337 | +0.104% | $1.7M | $565K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5304 | −0.111% | $373.2M | $148.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5304 | −0.111% | $295.3M | $894.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5308 | −0.083% | $108.6M | $167.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5304 | −0.111% | $268.3M | $376.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5304 | −0.111% | — | $123.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5329 | +0.053% | $6.4M | $35.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5392 | +0.462% | $668K | $106.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5387 | +0.431% | $1.1M | $39.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5333 | +0.078% | $1.0M | $906K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5308 | −0.083% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5310 | −0.072% | $48K | $458K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5307 | −0.090% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5312 | −0.062% | $824K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5312 | −0.061% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5311 | −0.065% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5305 | −0.105% | $50.2M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5308 | −0.085% | $54.4M | $29.8M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5301 | −0.129% | $2.1M | $7.2M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5312 | −0.059% | $8K | $8K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5310 | −0.073% | $59K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5307 | −0.089% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5308 | −0.085% | $23.9M | $74.4M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5311 | −0.065% | $5.8M | $46.3M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0240% | 1h | 1.5316 | −0.033% | $1.9M | $1.3M | 25x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0244% | 1h | 1.5310 | −0.074% | $14.5M | $70.6M | 50x | as long as short |
| Hibachi XRP/USDT-Pshort | +0.0296% | 1h | 1.5315 | −0.037% | $17K | $82K | 7x | |
| Kalshi KXXRPPERP | +0.0317% | 8h | 1.5317 | −0.026% | $2.0M | $35.3M | 2.9x | as long as short |
| Hyperliquid XRPlong | +0.0427% | 1h | 1.5321 | long leg | $290.3M | $216.0M | 20x | |
| Phoenix XRP | +0.0520% | 1h | 1.5400 | +0.516% | $69K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0796% | 1h | 1.5348 | +0.175% | $2K | $12K | 10x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5313 | −0.054% | $506K | $755K | 10x | as long as short |
Paradex XRP-USD-PERP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
Phoenix XRP
Aftermath Perps XRPUSD
RISEx XRP/USDC